The "up-to-the-minute Market Data" thread

I was wondering that too not too long ago in a different thread. It sure seems volatile enough to warrant a temporary suspension should push come to
shove. On the other hand something like that has a very negative psychological impact and almost ensures that things will go further down before up.

Indeed. Suspending the markets is a sure way to panic people even more... not a good thing to do...

Bernanke's speech at 2.15PM... circuit breakers don't work after 2.30PM... so the market better have what it wants or it's gonna fun to watch.

Any suggestions what he might have up his sleeve? (Other than a wet handkerchief.)

If it's not unlimited printing, it's gonna be ugly.

Probably will say that it'll be some kind of ``new, unseen, unparalleled in history`` intervention in the market that will save us all... of course
that will be believed by the markets for a while... then they gonna realize it's all the same BS and it's gonna go down...

Anything Ben will do is just DELAYING the problem... nothing will be fixed, nothing will change, it'll just be more printing and more accounting
tricks.

Anyway from what I'm seeing, this is UNSEEN volatility in all markets... unseen in YEARS... probably DECADES... and maybe even EVER...

Greenspan's idiotic suggestion to wriggle out of this crisis by simply printing money will totally alienate the Chinese, get the dollar truly dumped
as the reserve currency. In truth, there really are no solutions left to resolve this crisis.

U.S. Treasury prices sank on Tuesday, sending yields higher as U.S. stock index futures pointed to a higher opening for Wall Street. The yield on
2-year U.S. Treasury notes rose around 2 basis points to 0.29%, according to FactSet Research data, while the yield on the 10-year note rose 7 basis
points to around 2.40%. The 30-year T-bond yield rose 5 basis points to 3.71%.

I have only been watching the FTSE but yes its hard to imagin such huge swings where nobody wins or loses. Im sure some peeps have had huge gains,
just a matter of hitting the sell/buy button at the right time, insider trading and manipulation is rife imho

Maybe someone will post some volume figures for the FTSE index over the last few hours. It will be worth watching the same for the DOW.

On the other hand, maybe investors' concerns were either imaginary, or they have been solved via a behind-the scenes wonder plan.

Anyone got a picture of Bernanke and/or Jean-Claude Trichet, President of the ECB sporting a large red 'S' on their undergarment?

"It is the worst crisis since World War II and it could have been the worst crisis since World War I if leaders hadn't taken the important
decisions," ECB President Jean-Claude Trichet said with French radio station Europe 1, defending the bank's decision to further intervene on bond
markets.

Trichet didn't directly confirm that the ECB has been buying up the bonds of Italy and Spain, saying only that his banks "is in the secondary
market" for eurozone bonds and that it would release the amounts invested on Monday, as it does every week.

The ECB head also indicated that his bank still sees the main responsibility for fighting the debt crisis with eurozone governments and not the
central bank.

"I won't say" how long the ECB will buy bonds on the secondary market, Trichet said. "What we expect is that the governments do what we consider
to be their job."

He said eurozone countries needed to implement recently taken decisions to allow their bailout fund to buy government bonds on the open market "as
rapidly as possible."

Italy and Spain, meanwhile, have to deliver on their promises to cut their budgets as the central bank has demanded, Trichet said.

Despite the ECB's reluctance to take a central role in fighting the debt crisis, analysts have warned that it may not be easy for the bank to halt
its bond-buying program once the eurozone bailout fund has been equipped with its new powers.

They caution that the euro440 billion European Financial Stability Facility does not have enough money to intervene effectively on secondary markets
to help large countries like Italy and Spain, and that divisions among countries, which all have to sign off on intervention, could delay any
necessary action.

The head of Germany's Free Democrats, the junior partner in Chancellor Angela Merkel's coalition criticized the ECB action, warning that it is not
the bank's position to get involved.

"The central bank must remain impartial," said Christian Lindner, 32.

He called for European leaders to avoid knee-jerk reactions that make governments look helpless.

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